Bravura Solutions has announced the appointment of Gillian Davie as its new chief people officer, succeeding Duncan Thomas who left the company last year.
Ms Davie joins Bravura as an experienced human resources (HR) leader, most recently serving as director for people and culture at AMP Australia.
Her human resources and cultural management experience also comprises senior leadership roles at NetComm Wireless, Woolworths Limited, and Progressive Enterprises Limited.
According to Bravura, she was selected by Human Resources Director Australia as part of the global “The 100 Human Resources Leaders to Know” in 2023 and “The Best HR Executives in Australia” in 2024.
In her new capacity, Ms Davie will be at the helm of Bravura’s global people and culture teams, with a focus on ensuring the business continues to attract, develop, and retain talent to support its clients operating within wealth, funds administration, pensions, and superannuation.
Commenting on the appointment, Bravura chief executive officer and managing director Andrew Russell said the firm’s people are one of its “greatest assets”.
“Gillian is joining at a pivotal time for the organisation as we further look to embed a client and product-centric culture across our 1,300 employees spread across 15 offices globally,” Mr Russell said.
“Having worked broadly across the technology and financial services sectors both domestically and internationally, I’m confident Gillian will bring a fresh perspective to evolve our people and culture strategy to deliver for our clients, and drive growth for our organisation.”
Ms Davie will be based in Sydney and report directly to Mr Russell.
Bravura has previously said that a tough 2023 had driven urgency for change at the financial software solutions provider.
Namely, in August, it posted a net loss of $280.7 million for FY2023, compared to a profit of $29.9 million a year earlier – equating to a decline of 1,038 per cent.
At the time, the firm said its total revenue declined by 6.4 per cent on the year to $249.6 million. Wealth management revenue dipped from $169.5 million in FY22 to $163.6 million, while funds administration revenue dropped from $97.1 million to $86 million.
Commenting on the results, in a joint statement, Matthew Quinn, independent non-executive chairman, and Mr Russell, said: “FY23 was a year of underperformance and great disappointment for our stakeholders.”
Mr Quinn and Mr Russell confirmed that they are “making progress on resetting the business” and positioning Bravura to have a “profitable run rate” by the end of FY24.
